507 E Ann Street, Ann Arbor, MI 48104
507 E Ann Street, Ann Arbor, MI 48104
507 E Ann Street, Ann Arbor, MI 48104
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$3,199,000
Est. payment /mo
4,792 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality Ann Arbor

MLS Listing ID 26035677

Year Built 1901

Annual Tax Amount $20,451

Tax Year 2025

Lot Size 4,792 Sqft

Acres 0.11

Lot Dimensions 46x104

Property Sub-Type 5+ Units

Source Michigan Regional Information Center (MichRIC)

Property Description

Rare opportunity to acquire a fully renovated multifamily asset in the heart of the highly desirable Kerrytown district of Ann Arbor. Located at 507 E Ann Street, the property consists of 7 units with a total of 15 beds and 6 on-site parking spaces, offering a diverse unit mix that includes both one-bedroom apartments and larger multi-bedroom layouts. Extensive renovations have been completed throughout the property, including new plumbing, electrical, insulation, and storm windows, creating a turnkey investment opportunity with strong long-term appeal. Interior furnishings feature quartz countertops, custom cabinetry, and consistent high-end niches throughout all units, providing a cohesive and modern tenant experience. Positioned within walking distance to the University of Michigan, Kerrytown Market, downtown restaurants, retail shops, and entertainment, the property is ideally located for strong tenant demand and long-term rental stability.

Location

State MI

County Washtenaw

Rooms

Basement Full

Interior

Heating Forced Air

Cooling Central Air

Laundry In Basement, In Unit, Laundry Room

Exterior

Parking Features Concrete, Driveway, Paved

Utilities Available Natural Gas Connected, Electricity Connected, Cable Connected

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 6

Building

Lot Description Sidewalk

Sewer Public Sewer

Structure Type Aluminum Siding

New Construction No

Schools

School District Ann Arbor

Others

Tax ID 09-09-29-105-004

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Altitude Commercial Real Estat

Nearby School & Business

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker | License ID: 6502389085

Broker License ID: 6502389085

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